The Space Development Agency has awarded Northrop Grumman (NYSE: NOC) and L3Harris Technologies (NYSE: LHX) prototype agreements worth $1.3 billion combined to build and deploy 28 satellites for the first tranche of the National Defense Space Architecture’s tracking layer. The Tranche 1 Tracking Layer is expected to launch beginning in April 2025 ...
L3Harris Technologies (NYSE: LHX) has won a potential six-year, $378.9 million contract to equip the U.S. Navy, Marine Corps and Foreign Military Sales customers with a real-time sensor netting system for integrated fire control and situational awareness. Aside from producing the Cooperative Engagement Capability system, the contractor will also pro...
L3Harris Technologies (NYSE: LHX) has canceled plans to acquire Israel-based spyware manufacturer NSO Group after negotiations drew opposition from the White House due to national security and counterintelligence concerns, The New York Times reported Sunday. NSO’s spyware, dubbed Pegasus, can hack the mobile phones of users to extract messages, ph...
The board of directors for the Association of the U.S. Army has nominated Christopher Kubasik, vice chair and CEO of L3Harris Technologies (NYSE: LHX), and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, to serve as directors on the board. AUSA said Tuesday Kubasik would succeed William Brown, who...
Cliff Qualls was elevated to the role of vice president of readiness solutions, rotary wing and joint capabilities at CAE, where he previously served as director of rotary wing programs. According to his LinkedIn profile, Qualls held managerial positions at the former L-3 Communications and L3 Technologies company for over a decade before assuming r...
L3Harris Technologies (NYSE: LHX) has secured a potential $593 million contract to develop a passive sensor technology for the U.S. Navy’s shipboard surveillance, detection and cueing operations. The company will initially provide engineering, manufacturing and development services to the branch’s Shipboard Panoramic Electro-Optic/Infrar...
L3Harris Technologies (NYSE: LHX) has formed an innovation accelerator to pursue the development of new systems intended to help domestic and international defense clients address near-peer threats. The Agile Development Group is composed of 2,500 engineers, technicians, operations professionals and program managers that will focus on developing sen...
Maria Hedden, a defense and communications industry veteran with more than two decades of management experience, has joined Comtech Telecommunications (Nasdaq: CMTL) as chief operating officer. Hedden will be responsible for driving Comtech’s operational performance through production improvement, delivery scheduling and engineering initiative...
A new McAleese & Associates report says most defense prime contractors recorded a 2 percent to 3 percent increase in sales during 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the fourth-quarter and full-year 2021 financial performance of Boeing (NYSE: BA), General Dynamics (NY...
L3Harris Technologies (NYSE: LHX) reported $4.4 billion in revenue for the fourth quarter of 2021 and $17.8 billion in full year revenue. The Melbourne, Florida-based defense company said its 2021 operating cash flow was $2.7 billion, with an adjusted free cash flow of $2.75 billion. “The L3Harris team delivered solid EPS growth, consistent with ...
